Rare Earths & Monazite

Energy Fuels will produce advanced rare earth materials needed for numerous clean energy and energy transition technologies, including EVs, plug-in hybrids, wind energy, and national defense technologies, from heavy mineral sand (HMS) resources in our portfolio.

Expanding Proven Rare Earth Processing in the U.S.

Energy Fuels recently commissioned its Phase 1 rare earth separation circuit at the White Mesa Mill in Blanding, Utah, capable of producing up to 1,000 metric tons of separated neodymium-praseodymium (NdPr) per annum.

The Company is currently designing and licensing its Phase 2 and Phase 3 rare earth separation capabilities, which will increase NdPr production to 4,000 to 6,000 metric tons per annum (when completed in the future), while also adding Dy, Tb, and perhaps other separated rare earth production. The Company also plans to design and license a separate monazite processing circuit to enable the simultaneous production of both uranium and rare earths.

The mill will also extract additional natural uranium from the monazite, thereby creating a unique North American critical mineral supply chain.

Titanium & Zircon

The titanium and zircon minerals can be used for a variety of industrial purposes and are found in a range of everyday consumer goods such as pigment for paint, paper and plastics as well as toothpaste, sunscreen and homewares such as ceramics.

Monazite

Monazite is a rich source of rare earth elements typically prized for use in permanent magnets for EVs/Hybrid traction motors and direct drive wind turbines.

Because of their widespread use in industrial and consumer goods, demand for mineral sands is strongly linked to global GDP growth and, in the case of monazite, the world’s green energy transition.